Polymarket, a decentralized prediction market platform, has seen a surge in buying and selling volumes, reaching a report $116
Polymarket, a decentralized prediction market platform, has seen a surge in buying and selling volumes, reaching a report $116.4 million within the first half of July.
This improve is pushed by bets on the result of the upcoming US presidential election. As of now, $263.5 million has been wagered on the election, with Donald Trump main with a 69% likelihood of profitable, whereas Joe Biden follows at 19%.
Round $32 million value of bets have been positioned on Donald Trump, whereas Joe Biden’s odds now stand at 18%, with $35 million wagered.
In distinction, forecasts from FiveThirtyEight and The Economist present various odds. FiveThirtyEight’s newest forecast provides Biden a 53% likelihood and Trump a 46% likelihood, whereas The Economist tasks Trump with a 77% likelihood and Biden at 22%. Nate Silver’s insights additional spotlight the uncertainty and excessive stakes surrounding the election.
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